Who can invest in the Schemes of QMF?

This is an indicative list and you are requested to consult your financial advisor to ascertain whether the scheme is suitable to your risk profile. The following persons are eligible and may apply for subscription to the Units of the Scheme (subject, wherever relevant, to purchase of units of mutual funds being permitted under relevant statutory regulations and their respective constitutions):

1.

Resident adult individuals either singly or jointly (not exceeding three); or on an Anyone or Survivor basis

2.

Karta of Hindu Undivided Family (HUF);

3.

Public Sector Undertakings, Association of Persons or a body of individuals whether incorporated or not;

Religious and Charitable Trusts, Wakfs or endowments of private trusts (subject to receipt of necessary approvals as required) and Private trusts authorised to invest in mutual fund schemes under their trust deeds;

Other schemes of Quantum Mutual Fund subject to the conditions and limits prescribed by SEBI Regulations;

17.

Trustee, AMC or Sponsor or their associates may subscribe to Units under the Scheme;

18.

Such other individuals / institutions / body corporate etc., as may be decided by the Mutual Fund from time to time, so long as wherever applicable they are in conformity with SEBI Regulations.

All categories of investors (whether existing or new Unitholders) as permitted under the Scheme Information Document of the Schemes are eligible to subscribe under Regular / Direct Plan. Investments under Direct Plan can be made through various modes offered by the Fund for investing directly with the Fund {except Stock Exchange Platform(s) and all other Platform(s) where investors’ applications for subscription of units are routed through Distributors}.

Who cannot invest in the schemes of QMF?

It should be noted that the following categories of investors cannot invest in the Scheme(s):

The Fund reserves the right to include/exclude new/existing categories of Investors to invest in the Scheme from time to time, subject to SEBI Regulations and other prevailing statutory regulations, if any.

Note: 1. In case of application under a Power of Attorney or by a limited company or a corporate body or an eligible institution or a registered society or a trust fund, the original Power of Attorney or a certified true copy duly notarised or the relevant resolution or authority to make the application as the case may be, or duly notarised copy thereof, along with a certified copy of the Memorandum and Articles of Association and/or bye -laws and / or trust deed and / or partnership deed and Certificate of Registration should be submitted. The officials should sign the application under their official designation. A list of specimen signatures of the authorised officials, duly certified / attested should also be attached to the Application Form. In case of a Trust / Fund it shall submit a resolution from the Trustee(s) authorizing such purchases and Repurchase / Redemptions.

Applications failing to fulfill the above-stipulated conditions are liable to be rejected

2. Returned cheques are not liable to be presented again for collection, and the accompanying application forms are liable to be rejected. In case the returned cheques are presented again, the necessary charges, if any, are liable to be debited to the investor.

3. RBI has vide Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, granted a general permission to NRIs / Persons of Indian Origin residing abroad (PIOs) and FIIs and Foreign Portfolio Investors (FPI) for purchasing/ Repurchasing /Redeeming Units of the mutual funds subject to conditions stipulated therein.

All cheques and bank draft accompanying the application form should contain the application form number on its reverse side. It is mandatory for every applicant to provide the bank, branch, address, account type and number as per SEBI requirements and any Application Form without these details will be treated as incomplete. Such incomplete application will be rejected.

Can a Non Resident Indian (NRI) invest in the schemes of QMF?

Yes, NRI’s can invest in the Quantum Mutual Fund schemes, provided that the country of residence is a part of the FATF (Financial Action Task Force) compliant country/territory.

However, NRI’s residing in the United States of America (USA) and Canada cannot invest in the Quantum Mutual Fund Schemes.

Which schemes that are currently offered by Quantum Mutual Fund (QMF)?

Systematic Withdrawal Plan (SWP): This feature enables an investor to withdraw amount/units from their holdings in the Scheme at periodic intervals through a one-time request. Click here to know more about SWP in detail.

Systematic Transfer Plan (STP): This feature enables an investor to transfer fixed amounts from their accounts in the Scheme to another scheme within a folio from time to time. Click here to know more about STP in detail.

Triggers: A trigger is a facility that allows you to specify an exit target (linked to value or time) or to receive an update when the desired levels are reached. The moment this target is achieved, the trigger gets activated. There can be Alert triggers or Action triggers.

Directly with Fund: The investors can create / redeem in exchange of Portfolio Deposit and Cash Component in creation unit size at NAV based Price. On the Exchange: Approx equal to price of ½ gram of Gold quoted on the NSE. On NSE, the units can be purchased /sold in minimum lot of 1 unit and in multiples thereof.

NA

Quantum Index Fund*

Directly with Fund: The investors can create / redeem in exchange of Portfolio Deposit and Cash Component in creation unit size at NAV based Price. On the Exchange: At prices which may be close to the NAV of QIF Units. On NSE, the units can be purchased / sold in minimum lot of 1 unit and in multiples thereof. The units of QIF issued under the scheme will be approximately equal to the price of 1/10 (one-tenth) of the S&P CNX Nifty Index.

NA

*Exchange Traded Funds

What is Net Asset Value (NAV) of a scheme?

The Net Asset Value is the market value of the securities held by the scheme. The NAV per unit is the market value of securities of a scheme divided by the total number of units of the scheme on any particular date.

e.g. If the value of all the securities in a scheme is Rs. 10,000 and the total number of units issued = 1,000, the NAV per unit will be 10,000/1,000 = Rs. 10.

Choose your preferred mode and click on the below links to read more and invest with us.

Please note that for ETF schemes i.e. QGF and QIF you will have to read the respective SID of the schemes.

How will I come to know that my application is processed? Will I get any confirmation?

Yes. On acceptance of the application for subscription, an allotment confirmation along with the account statement (password protected) specifying the number of units alloted by way of email/or SMS (if the mobile number is not registered under the Do Not Call Registry) within 5 business days from the date of receipt of transaction request is triggered to the investor.The password to open the statement is the first four letters of the PAN number of the Firstholder/Guardian and the last four digits of the registered default bank account number.

Note: For G-mail users here are the below steps to open the PDF statement:

Click on the PDF attachment and enter the password

Click on ‘Open With’

Select ‘DocHub or Lumin PDF’

Please enter your Password and click on create document

After clicking on Create document it will open the document.

Thereafter, a CAS for each calendar month shall be sent by mail/email on or before 10th of the succeeding month to the unitholders.

Also you can generate the Statement of Account via login using password at our Invest Online Portal /Mail Back Facility.

Note: The password to open the statement generated via Login using password/Login using OTP/Mail Back facility will be the first holder / guardian PAN (in capital). For example, if the PAN is ABCDE1000F, then the correct password will be ABCDE1000F and not abcde1000f.

PAN Exempt Investor : Please enter the reference number provided by KRA (in capital) to open the attachment.

Can I hold the units of QMF scheme in Demat mode?

Yes, there is an option to hold the units in dematerialized mode. To avail the same you should have a Demat/beneficiary account with a DP (depository participant) and need to mention all the details of your account number and DP while filling the application form.

What is KYC (Know Your Client)? Explain KYC in detail.

Is it mandatory to specify Direct/Regular Plan in the application form? What if the same is not indicated on the form?

Investor subscribing under Direct Plan of a scheme will have to indicate ‘Direct Plan’ against the scheme name in the application form e.g. “Quantum Long Term Equity Fund – Direct Plan” and under ‘regular Plan’ “Quantum Long Term Equity Fund – Regular Plan”.

In case of valid application received without indicating any choice of plan then the application will be processed for plan as under:

Scenario

Broker Code Mentioned by the investor

Plan mentioned by the investor

Default Plan to be captured

1

Not mentioned

Not mentioned

Direct Plan

2

Not mentioned

Direct

Direct Plan

3

Not mentioned

Regular

Direct Plan

4

Mentioned

Direct

Direct Plan

5

Direct

Not mentioned

Direct Plan

6

Direct

Regular

Direct Plan

7

Mentioned

Regular

Regular Plan

8

Mentioned

Not mentioned

Regular Plan

In case of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under the Regular Plan. The AMC shall contact and obtain the correct ARN within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application.

Can you please elaborate on the load structure of Dividend and Growth options contributing to the difference in the NAVs of both the funds?

Consider the following example:

You have 4 investors – A, B, C & D. Each investor invests Rs 100,000. Assume your fund NAV is 100. Also assume that only exit load income is considered in the scheme.

Investor

Investment Amount (Rs.)

NAV

Units (Investment Amount/NAV)

A

100,000

100

1,000

B

100,000

100

1,000

C

100,000

100

1,000

D

100,000

100

1,000

Totals

400,000

4,000

Under the Growth Option: Now, Investor B has an urgent need for cash, and so redeems his complete investment, paying an exit load of 4% = Rs 4,000 (4% of Rs 100,000)

This exit load of Rs 4,000 is ploughed back into the scheme portfolio. This causes the Total Investment amount for the remaining investors to increase.

Investor

Investment Amount (Rs.)

Units

A

100,000

1,000

B

--

--

C

100,000

1,000

D

100,000

1,000

(+) Add Exit Load collected from B

4,000

Totals

304,000

3,000

This change is also reflected in the NAV. The new NAV = Rs 304,000 / 3,000 units = 101.3

Hence, after redemption the scheme portfolio will look as below:

Investor

Investment Amount (Rs.)

NAV

Units

A

101,333

101.3

1,000

B

--

--

--

C

101,333

101.3

1,000

D

101,333

101.3

1,000

Totals

304,000

3,000

*Note: 101,333.33 has been rounded off to 101,333 for ease of illustration

Now, let’s look at the Dividend option which has seen higher redemptions:

Say, investors B & C both decide to redeem their investments and pay an exit load of 4% each.

Investor

Investment Amount

Units

A

100,000

1,000

B

--

--

C

--

--

D

100,000

1,000

Totals

208,000

2,000

New NAV = Rs. 208,000 / 2,000 units = 104

In this case, the scheme portfolio will look as under:

Investor

Investment Amount

NAV

Units

A

104,000

104

1,000

B

--

--

--

C

--

--

--

D

104,000

104

1,000

Totals

208,000

2,000

Hence, the NAV of the Growth option is lower than the NAV of the Dividend option.

What is the difference between Dividend Payout and Dividend Re-invest option?

Dividend Payout: When Mutual Fund companies make profits, they distribute part of that profit to their investors by way of dividends. You are advised to select this option if you wish to keep getting returns frequently.

Dividend Reinvestment: This is similar to dividend payout except that the dividend declared is re-invested in the same fund on the same days NAV. So, all your profit is invested back in the same fund plus you will receive some additional units to add to your corpus.

What is the difference between Sale price and repurchase price?

An open-ended fund issues and buys back units from investors on a continuous basis. This gives rise to two different prices at which the two transactions take place.

Sale price is the price at which the fund issues fresh units to the investor. It is linked to the net asset value (NAV) of the fund.

Repurchase price is the price at which the fund buys back units from the investor.

In other words the following is used:

Sale Price = Applicable NAV *(1 + Sales Load, if any)

Repurchase Price = Applicable NAV *(1 - Exit Load, if any)

E.g. If the applicable NAV is Rs. 10.00; sales/entry load is nil and the exit/repurchase load is 2 percent then the sales price will be Rs. 10.00 and the repurchase price will be Rs. 9.80.

How will I receive the dividend amount and how long does it take?

Unit holders are entitled to receive the dividend within 30 days of the record date of the dividend. However, the Mutual Fund will endeavor to make dividend payments sooner to Unit holders.

What is the value of my investments today?

Valuation of your investments = Number of units held * NAV of the scheme as on the last business day

For example:

Number of units available with you for investment in Quantum Long Term Equity Fund (Growth option) – 1000 units.

NAV of Quantum Long Term Equity Fund (Growth option) as on 30th September 2012 – Rs. 24.18

What are the entry and exit loads for all schemes of QMF?

if redeemed or switched out on or before 180 ys from the date of allotment

4.00%

if redeemed or switched out after 180 days but on or before 365 days from the date of allotment

3.00%

if redeemed or switched out after 365 days but on or before 545 days from the date of allotment

2.00%

if redeemed or switched out after 545 days but on or before 730 days from the date of allotment

1.00%

if redeemed or switched out after 730 days from the date of allotment

Nil

Quantum Equity Fund of Funds

Not Applicable*

if redeemed or switched out on or before 365 days from the date of allotment

1.5 %

Quantum Multi Asset Fund

Not Applicable*

a) If redeemed or switch out on or before 90 days from the date of allotment of units. b) If redeemed or switch out after 90 days from the date of allotment of units.

1 %

NIL

Quantum Gold Savings Fund

Not Applicable*

NIL

Quantum Dynamic Bond Fund

Not Applicable*

NIL

Quantum Liquid Fund

Not Applicable*

NIL

Quantum Tax Saving Fund

Not Applicable*

NIL

*NA- Not Applicable (In terms of SEBI circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009 it has been notified that, w.e.f. August 01, 2009 there will be no entry load charged to the schemes of any Mutual Fund.)

The above mentioned load structure shall be equally applicable to the special products such as Systematic Investment Plan (SIP) / Systematic Withdrawal Plan (SWP) / Systematic Transfer Plan (STP) and Switches etc. However, no load shall be charged for switching between options within the Scheme.

The present load structure for ETF schemes is as mentioned below;

Scheme Name

Entry Load / Switch in Load

Exit load/Switch Out Load (as % of NAV)

Quantum Gold Fund

Not Applicable*

NIL (retail investor can exit the scheme through secondary market)

Quantum Index Fund

Not Applicable*

NIL (retail investor can exit the scheme through secondary market)

*NA- Not Applicable (In terms of SEBI circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009 it has been notified that, w.e.f. August 01, 2009 there will be no entry load charged to the schemes of any Mutual Fund.)

Quantum Mutual Fund does not charge Entry Load since inception.

What is switch? Explain procedure of switch.

The process of transferring an investment from one fund to another is called “Switch”. A switch from one scheme to the other is treated as ‘redemption’ from the scheme from where it is switched out and the scheme into which it is being switched is treated as ‘purchase’. Thus, you will be liable for any 'applicable' exit load.

As load on switches may change anytime, investors are required to update fresh provisions by contacting us or reading the addendum issued from time to time. Please refer to the SID for details.

You can switch units through online as well as through physical mode.

Online Process: • Existing investors who are KYC complaint can apply for switch

Where Units under a Scheme are held under both Existing/ Direct and Regular Plans and the redemption / Switch request pertains to the Regular Plan, the same must clearly be mentioned on the request (along with the folio number), failing which the request would be processed from the Existing / Direct Plan. However, where Units under the requested Option are held only under one Plan, the request would be processed under such Plan.

Can I switch between different folios?

No, you cannot make a switch request between different folios.

Can I switch between schemes or Investment options or Investment facilities? Is there any load on switching?

Yes, you can make a switch request within the same folio. You can place a switch request from your existing scheme to another scheme. However the criteria of minimum switch in amount criteria of the target scheme should be fulfilled.

Kindly note that, a switch request for units from one folio to another folio is not allowed.

There are two types of switches that an investor can avail for which are as below:

Inter scheme switch / transfer – It refers to switch of units / amount between two different schemes in the same folio for e.g. from Quantum Long term equity fund to Quantum Gold Savings fund or vice a versa. Exit load STT is applicable (as per scheme features) for these type of switches.

Intra scheme switch / transfer – It refers to switch of units/ amount between option/facilities within the scheme for e.g. from ‘dividend option’ to ‘growth option’ or vice a versa.

Exit load is not applicable for these types of switches and STT is applicable Change in facilities - It would mean change from dividend re-investment to dividend payout under dividend option. Exit load is not applicable for these types of change but STT is applicable. The investor needs to give a duly filled and signed transaction slip indicating ‘switch’/ written request letter by all the unit holder(s).

What is the NAV applicability and cut-off timing for Switch transactions in all schemes of QMF?

If you are an existing investor of Quantum Mutual Fund, you can switch the units between schemes in the same folio. Please refer to the Switch Matrix below for the applicable NAV while switching.

Where Units under a Scheme are held under both Direct and Regular Plan and redemption / Switch request pertains to Regular Plan, the same needs to be clearly mentioned in the redemption request (along with the folio number)

In case the plan is not specified the redemption will be processed for Units held in Direct Plan.

In case the Plan is not specified and all Units under the requested scheme are held only under one Plan, the request would be processed under such Plan.

2.

If the Investment in a Scheme is in Regular plan or Direct plan in a folio through different mode viz channel distributor/ Other distributor/directly with AMC and investor submits full redemption request then all units as per the specified plan would be redeemed.

Ex1.

Investor having 50 units in Quantum Long Term Equity Fund Direct Plan Growth option. If the said units are invested through multiple modes ie, 20 units through an RIA and 30 units directly through AMC and investor submits a redemption request for Full units either through RIA or AMC then all the units in the specified Plan would be redeemed

Ex 2.

Investor having 50 units in Quantum Long Term Equity Fund Regular Plan Growth option. If the said units are purchase in multiple transaction ie, 20 units through a distributor and 20 Units through channel partner mode and 10 units directly through AMC(Online or Offline with ARN code). If investor submitsa redemption request for Full units either through distributor or through AMC, then all the units in the specified Plan would be redeemed.

Through any mode whenever a full redemption is received then all the units in the said scheme and selected plan would be redeemed

At any point of time if an investor requests for partial redemption of Units though any mode , then redemption of Units will be considered basis FIFO logic in selected plans

How will I receive my redemption proceeds?

The redemption proceeds are paid via any of the following modes depending on the investor’s bank, completeness & accuracy of the bank details provided by the investor & his location:

Direct Credit through RTGS/ NEFT: Redemption proceeds are directly credited to the investor’s bank account wherein we have the complete core banking account number & the IFSC code of your registered bank and also that particular bank and branch has been enabled for RTGS/ NEFT.

Cheques: In cases other than RTGS/NEFT wherein we do not have complete bank details, cheques are sent to the investors.

How much amount will I receive if I redeem my investments today? Will I have to bear any load / charges on redemption?

The redemption amount will depend upon the amount/units that you will redeem and the NAV of the prevailing business day when the redemption request is received. Also the exit load will be applicable depending upon the scheme and the time period for which you are holding the scheme for.

The net redemption amount will be subject to the following;

•

Exit load

•

''Applicable NAV''

•

Securities Transaction Tax (STT) – (Note: STT will be charged for Sale of a unit of an Equity Oriented Fund only. The STT charge is 0.001% on the gross redemption amount.)

The calculation will be as follows;

Actual value received = No. of units to be redeemed * NAV of the day – Exit load (if any) – STT (0.001% if Equity Scheme)

How long will it take to receive the redemption proceeds?

As per SEBI Regulations, the Mutual Fund shall initiate the redemption payment within 10 Business Days of receiving the redemption request. However Quantum Mutual Fund endeavors to make the payment for redemption in equity schemes on Transaction day plus 3 business days, for Liquid scheme and debt scheme on Transaction day plus 1 business day and for Quantum Gold Savings Fund on Transaction day plus 2 business days.

What is the NAV applicability and cut-off timing for Purchase and Redemption in all schemes of QMF?

* Irrespective of the time of receipt; the NAV of the day on which the funds are available for utilization shall be applicable.

3.00 P.M. (same day NAV)

Note : 1] * with effect from October,01 2012 2] The cut-off timings for determining NAV will depend upon the timestamp, type of payment instrument, the time of credit & utilization of funds received and the investment amount. 3] Application with an outstation cheque or demand draft which is not payable on par at the place where it is received, the applicable NAV shall be of the day on which the cheque or demand draft is credited.

Scheme

Investment amount in Rs.

Purchase Cut-off time

Redemption Cut-off time

Quantum Liquid Fund - QLF

Any amount

2.00 P.M. (Previous day NAV)

3.00 P.M. (same day NAV)

Note : 1] The cut-off timings for determining NAV will depend upon the timestamp, type of payment instrument, the time of credit & utilization of funds received and the investment amount. 2] Application with an outstation cheque or demand draft which is not payable on par at the place where it is received, the applicable NAV shall be of the day on which the cheque or demand draft is credited.

I) The Fund creates / redeems units of the Scheme in 'Creation Unit Size' which is exchanged for portfolio Deposit which would consist of physical Gold of defined purity and quantity and Cash component. The fund declares the Portfolio Deposit or Cash Component on the website / www.QuntumMF.com and the same would be applicable for creating and redeeming unit size for that Business Day. (A) Applicable NAV for Purchases in Creation in Unit Size: (i) In respect of valid application received from Authorised Participant / Large Investor along with the Portfolio Deposit and / or Cash Component, up to 3.00 p.m. on a Business Day at the official point of acceptance, NAV of the day on which the application is received shall be applicable. (ii) In respect of valid application received for purchase in Creation Unit Size, from Authorised Participant / Large Investor along with the Portfolio Deposit and / or Cash Component after 3.00 p.m., on a Business Day at the official point of acceptance, the closing of NAV of the next Business Day on which the application is received shall be applicable. (B) Applicable NAV for Redemptions in Creation Unit Size: (iii) In respect of valid application received up to 3.00 p.m. on a Business Day at the official point of acceptance, NAV of the day on which the application is received shall be applicable. (iv) In respect of valid application received after 3.00 p.m. on a Business Day at the official point of acceptance, the closing NAV of the next Business Day on which the application is received shall be applicable (II) On the Exchange: As the Units of the Scheme are listed on NSE, an investor can buy / Sell units on continuous basis on the capital market segment of NSE during trading hours like any other publicly traded stock at prices which may be close to the actual NAV of the Scheme.

How can I get in touch with you? What are the conveniences you offer?

You can call us on our toll free number, text us or write to us at the number and mail id given below;

SIGNUP FOR OUR NEWSLETTERS

Update your knowledge on investments with Quantum Direct... Read about the Quantum point of view on everything that happens in the world of finance...

Sign Up NOW!

Name

Email ID

Phone

Sign Up For

Captcha

* I agree to receive various communications (for products or otherwise), updates, alerts, notifications, information, including that on products of Quantum Asset Management Company Pvt Ltd (QAMC), and/or of associates/affiliates of QAMC, which may be sent to me from time to time [even though my Mobile No. may be registered under the National Do Not Call Registry (NDNC)] Please read our complete Privacy Policy.